Week 51 of 2011.
A quiet week which was expected but none-the-less, a decent one for the major indices. As the markets move towards the last week of the year, they resemble a rather weary bunch who look like they’ve run a double marathon… uphill. With week 52 containing just 2.5 trading days left – volume and news all round will be in short supply as the markets catch their breath for the next outing in 2012.
The FTSE 100 closed the week at 5513 adding 116pts. It’s 386pts down for the year and with just 2.5 trading days left will need a major sprint finish from heavy legs to come in home in the blue.
The Dow on the other hand is looking in surprisingly good health. It closed at 12,294 adding 412pts on the week and is just over 750pts in the blue. The leading index has a chance of reaching close to its 2011 high if it has a good last few days. The S&P also edged into the blue for 2011. The lack of commodity stocks listed in the US indices compared to the commodity heavy FTSE – has clearly made its mark this year as the sector has been one of the worst performing.
A virtual portfolio has been set up using the 2010 Dec 31st close figures as a starting point and £1000 has been invested in each stock. This does not include buying fees or stamp duty and is purely intended to be used as a benchmark or summary for each week. The B-list (alternative picks) and 2 newspaper top tens for 2011 have been included to help monitor/compare against.
The virtual portfolio’s use the ‘last trade’ system to calculate the days close.
Week 51 performance summary as follows:
The independent lurks in the red but has done well in an ugly year. Tempus times has hung in there well as both commodity dominated b-list and Hotlist shows signs of a battered sector in a risk off climate.
1. The Independent -5.08% (gain of 2.19% from week 50)
2. Tempus Times -14.78% (gain of 1.10% from week 50)
3. The ‘B’ List -44.39% (gain of 0.13% from week 50)
4. The 2011 Hotlist -45.84% (gain of 2.52% from week 50)